EUR/JPY likely to trend higher

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs30%29%4.5%
Shorts70%71%-1.9%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)NeutralBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate

The common European currency surged by 62 pips or 0.47% against the Japanese Yen on Thursday. The currency pair tested the upper line of a descending channel pattern at 131.80 during Thursday's trading session.

All things being equal, the exchange rate is likely to continue to edge higher during the following trading session. The potential target for the EUR/JPY pair could be near the 132.00 level.

However, the upper line of the channel pattern at 131.65 could provide resistance for the currency exchange rate within this session.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.